thread is dead,
sentiment about the companies' 12-month prospects is dismal,
value stocks are hated,
the sector is out of favor,
5-year PE range is 18-69, now at the exact bottom of that huge range,
expected longterm EPS growth rate still at 20% as always
From 10/99 to today, I've been accumulating 2002 calls 25s, whenever the stock is below 19. Now have 300 contracts, average price 4.81. May start buying the 2003s when they are available. I see zero downside potential, with the stock at 19, and the potential for the stock to hit 50 before those calls expire. Notice, many times over the last several months, when bad news comes out, or bad press, buyers step in as the stock hits 19. |
